Imports to Colombia rose 5 percent year-on-year to USD 4.57 billion in July 2019, following a 5.7 percent drop in the previous month, boosted by purchases of: fuels & mining products (12.6 percent) in particular crude oil (19.0 percent); agricultural products, food & beverages (10.5 percent), mainly food & live animals (19.1 percent); and manufactured goods (3.2 percent) on the back of machinery & transport equipment (10.7 percent) and Miscellaneous manufactured articles (5.7 percent). Imports in Colombia averaged 1.85 USD Billion from 1980 until 2019, reaching an all time high of 6.08 USD Billion in July of 2014 and a record low of 0.28 USD Billion in February of 1986.
Imports in Colombia is expected to be 4.20 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Colombia to stand at 4.60 in 12 months time. In the long-term, the Colombia Imports is projected to trend around 4.50 USD Billion in 2020, according to our econometric models.